LVMH Fashion & Leather Goods register strong growth in Q1
25 Apr '07
3 min read
In the first quarter of 2007, the Watches & Jewelry business group recorded organic revenue growth of 27%, considerably higher than that of the sector. TAG Heuer performed exceptionally well in all regions.
Zenith and Montres Dior also saw strong growth notably thanks to their respective lines Defy and Christal. Chaumet benefited from the success of its jewelry collection Attrape-moi and its Dandy watches.
The new products launched by our brands at the international Basel Watch Fair have been very well-received: TAG Heuer's new watch movement Calibre S as well as an upgrading of its iconic lines, Zenith's strengthening of its Defy line, and Montres Dior's Christal jewelry supported by Sharon Stone as the face of its new advertising campaign.
In Selective Retailing, DFS continued to benefit from the rapid development of Chinese tourism, although Japanese tourist spending was limited by the weakness of the yen. Sephora maintained strong growth in all of its markets. The brand continued to win market share in France and the US thanks to its culture of product and service innovations. New stores were opened in the Middle East and in Central Europe.
Thanks to the strength and creativity of its brands and its expansion into new markets, LVMH will continue its growth in 2007 despite the difficult monetary environment at the beginning of the year.
marketing@alchempro.com
